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Mekhanik [1.2K]
3 years ago
8

micheal has been saving his money and wants to invest it. after doing some research has decided to invest $20,000 into certifica

te of deposit
History
1 answer:
saveliy_v [14]3 years ago
5 0

Answer:

<u><em>How much interest will michael earn on this cd in the first year, based on the nominal interest rate? $600</em></u>

<u><em /></u>

<u><em /></u>

<u><em>How much interest will Michael earn on this CD in the first year, based on the real interest rate?  $200</em></u>

<u><em /></u>

<u><em /></u>

<u><em>This is correct 100%</em></u>

<u><em /></u>

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